Every month, I share the charts of a stock which sits on my watchlist.
Watchlist stocks result of a nightly market scan for stocks that attract attention by displaying characteristics signalling a potential entry into Stage II. This market scan uses a "Stockcharts" scan syntax I personally developed, in order to identify stocks likely to display the characteristics of stocks entering Stage II, as described by Stan Weinstein. The principal scan criteria are basically set to identify stocks whose price is above their 150-day Moving Average and whose usual daily volume is at least 50,000 and exceed by a margin of 3:1 the usual volume evels displayed in the last 2 months.
This month, Strad Energy Services Ltd the Freebie of the Month.